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Ronie

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While market sentiments have improved, finance is the hurdle for aspiring buyers

3Mo ago 0 Replies 100 Views
Perth-based property investment consultancy Momentum Wealth found that, of more than 400 respondents, 38 per cent highlighted lack of equity or borrowing issues as factors preventing them from entering the market in the shorter term.
Momentum Wealth’s finance team leader Caylum Merrick said: “We’ve seen some big changes in Australia’s lending market in recent years, first with APRA regulations and the royal banking commission.”
“While lending restrictions have now been somewhat loosened with interest rate cuts and the relaxation of serviceability buffers, investors are recognising that the lending market isn’t cut and dry.”
According to Mr Merrick, the growing complexities in Australia’s lending environment could be behind the growing popularity of mortgage brokers across the country.
Of the respondents, 68 per cent said that they would engage a mortgage broker to secure their next investment loan over other lending options, with only 19 per cent indicated they would approach their bank directly.
Apart from securing a loan, a lot of buyers, especially those in more complex finance situations, are also seeking additional guidance and support in navigating the changing market and strengthening their financial position.

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